Ann: Receipt of unsolicited intention to make a takeover offer, page-32

We should see a response in the next few days if not today. I believe the LPD board were taken off guard by this joke of a take over offer and when a response is generated it needs to be cross examined by the board.  But I think Maxi's correspondence with the directors sets out the tone of the reply we should expect:

"We also do not like this offer.  It is an unwelcome offer.  LIT is not a party that we are in discussions with regarding a merger."
"Lepidico and L-Max are worth a lot more than that!"

From todays receipt of offer announcement:
"The Board of Lepidico is considering its response to the Announcement. Lepidico shareholders are advised to Take No Action in relation to the Announcement or any document received from Lithium Australia in relation to the proposed takeover offer until they receive the Directors’ formal recommendation."

My personal opinion is this is a very manipulative offer. Especially since LIT state in their letter to PWN that"LIT has sought engagement with LPD to pursue a merger by scheme of arrangement." which is clearly not the case.